The Bank of Ghana in its Summary of Economic and Financial Data for March 2025 has reported that the value of mobile money transactions in the country dropped to GHC 316 billion in February 2025, down from GHC 333 billion recorded in January.
In contrast, December 2024 saw a higher transaction value of GHC 334.8 billion.
Throughout last year, the value of mobile money transactions generally experienced consistent growth.
Similarly, the number of transactions declined to 698 million in February 2025, compared to 726 million in January. This followed a peak of 745 million transactions in December 2024.
However, when compared to year-over-year, the number of transactions has seen a significant increase, rising from 609 million in February 2024 to 698 million in February 2025.
With the recent cancellation of the 1% electronic money levy on mobile money transactions, industry analysts anticipate a significant turnaround in the sector in the coming months.
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